'Wolf' Suspect Behind $300 Million Cynk Fraud Pleads Not Guilty

From CNBC

A man accused by U.S. prosecutors of running a $300 million penny-stock manipulation fraud that drove the market value of little-known Cynk Technology past $6 billion pleaded not guilty on Monday.

Gregg Mulholland, also known as "Stamps" and "Charlie Wolf," was arraigned on charges including securities fraud in an indictment recently filed in federal court in Brooklyn, New York, following the dual U.S.-Canadian citizen's arrest in June.

Read the full article.

Get weekly news alerts via email! Sign up for Fraud 360 magazine (it's free) and also receive our weekly Fraud 360 News Brief International, bringing you the latest headlines on fraud and corruption issues straight to your inbox.